Hyundai Motor reports 31% drop in Q1 operating profit, meets forecasts
Published on April 23, 2026.
Hyundai Motor (005380.KS) has reported a 31% drop in Q1 operating profit, meeting analysts' estimates, largely due to weaker demand in the Middle East and a recall of its Palisade SUV. The company, along with affiliate Kia Corp, posted an operating profit of 2.5 trillion ($1.69 billion) for the January-March period, compared to 3.6 trillion won the previous year.
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